On the 27th of March, new Articles of association were submitted to the Handelsregister of Kanton Zug. Apart from the name-change and procedural simplifications, the general meeting also decided to change the type of shares from Namenaktien (registered shares) to Einhaberaktien (bearer shares). Bearer shares are usual in larger, quoted corporations and have a separate index at the Swiss stock exchange.
The change of share type means that the company will no longer be obliged to register shareholders - and that its shares can be traded electronically without a stock exchange, in the form of colored bitcoin or within the upcoming Etherum framework.
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